FY Trade ALert – 1/16/09 9:23 AM

FYI Trade Alert – 1/16/09 9:23 AM

I am going to BUY TBT (inverse of the TLT) as it will gap UP on the open today. As mentioned in last night Daily Review – the doji that formed yesterday on the TLT and TBT could be a reversal signal IF it gaps.

I am NOT buying at the open. I am waiting until it trades down to the 39.00-39.50 area before initiating the trade IF IF the fundamentals still look positive.

TARGET =$44

RISK: 6  ([1] low – 10 [high]